Uk manufacturing

[Dangee]

I didn’t know they made them or owned the companies that we had a cast iron contract with. Maybe the EU needs to employ staff who know how to make a proper contract In future.

 

[akist]

Manufacturers that source materials from the EU are still struggling - one that I won't name for professional reasons told me only this week that German parts that are vital to their high-end product lines are becoming increasingly difficult to get. They have yet to find a UK company that can make them to the required standards.

In a free market economy this will encourage alternate sources of procurement, maybe another EU/non EU country, and God Forbid, it may even encourage local UK manufacture. Everything is changing.

 

[JP_]

In a free market economy this will encourage alternate sources of procurement, maybe another EU/non EU country, and God Forbid, it may even encourage local UK manufacture. Everything is changing.

Yeah, that's lovely. In the meantime, more British businesses suffer while we're all trying to find these amazing alternative suppliers.

 

[Dangee]

God forbid we should actually manufacture our own products.
Especially when Chinese products are such high quality.

 

[Ihavenojob]

They are out - and wagging.
The Great British Brexers thought it would be wise to paralyse the supply mechanism.

It is hitting both sides then, the German suppliers can't sell their goods if we can't buy them.

 

[Ihavenojob]

Yeah, that's lovely. In the meantime, more British businesses suffer while we're all trying to find these amazing alternative suppliers.

And the foreign manufacturers have to find new customers.

 

[noseall]

It is hitting both sides then

Joy.

 

[JohnD]

In a free market economy this will encourage...

...the prices we pay to go up, until they are high enough to tempt somebody to sell to us, covering the costs of tariff and non-tariff barriers we chose to erect, including delays and empty truck journeys, and leaving them an attractive profit.

great stuff, if you don't mind paying extra.,

 

[Lower]

Yeah, that's lovely. In the meantime, more British businesses suffer while we're all trying to find these amazing alternative suppliers.

I'm a UK manufacturer. Brexit has created challenges, but nothing that's been insurmountable.

Covid has had far more of an impact on our customer's confidence to invest.

Rishi's tax breaks on capital equipment are boosting our enquiry and conversion rate no end.

 

[securespark]

I personally feel this "news" is a bit like "burying bad news"...

IE, using COVID as an excuse to manipulate figures to make them look good.

 

[SirGalahad]

I'm a UK manufacturer. Brexit has created challenges, but nothing that's been insurmountable.

Covid has had far more of an impact on our customer's confidence to invest.

Rishi's tax breaks on capital equipment are boosting our enquiry and conversion rate no end.

The superdeduction break? Has that brought forward investment that you would have done or has it spurred new investment that you would have likely not done without the extra tax breaks?

 

[noseall]

God forbid we should actually manufacture our own products.
Especially when Chinese products are such high quality.

Chuck that phone in the bin and see how far you get building your UK exclusive phone.

Lol.

Trump tried that and failed. Even his crappy MAGA hats came from a sweatshop.

 

[JP_]

The company I work for sells boths CHinese made and British made products.
So many customers see the cheap £500 product, then the £1500 British product, and ask why is there such a big difference in prices.
They all (actually just a monitory) want British quality at Chinese prices.
Most are happy for a high quality product that is made in China and overseen by UK H&S, quality control etc.

 

[Lower]

The superdeduction break? Has that brought forward investment that you would have done or has it spurred new investment that you would have likely not done without the extra tax breaks?

Its brought forward investment that we would make for two reasons.

We're going to buy a new cnc punch machine at a cost of ~£350k. We would have done it at some point in the next 5 years, but we're going to do it now because of the tax break and we need to order now because the machine is on a 9 month lead time and the tax break is significant. Out of interest, we've chosen a Japanese machine over a Swiss or German machine, mainly because of the superior features.

However, the second reason that we've got the confidence to spend the money is because our customers have also got the confidence to start investing earlier in our products which also count as capital investments and at a higher price point that they would have done without the tax incentive.

 

[SirGalahad]

Its brought forward investment that we would make for two reasons.

We're going to buy a new cnc punch machine at a cost of ~£350k. We would have done it at some point in the next 5 years, but we're going to do it now because of the tax break and we need to order now because the machine is on a 9 month lead time and the tax break is significant. Out of interest, we've chosen a Japanese machine over a Swiss or German machine, mainly because of the superior features.

However, the second reason that we've got the confidence to spend the money is because our customers have also got the confidence to start investing earlier in our products which also count as capital investments and at a higher price point that they would have done without the tax incentive.

Interesting. Going forward what impact will this have on your cashflow? Are you expecting suppliers to squeeze their payment terms and customers asking for extensions to credit?